Lido Advisors LLC Sells 2516 Shares of PG&E Co. in 2023
March 14, 2023
Trending News ☀️
On February 2023, Lido Advisors LLC sold 2516 shares of PG&E ($NYSE:PCG) Co., a major American energy company. This comes as PG&E Co. continues to make strides in their operations, having recently announced new initiatives for green energy projects. PG&E Co. is the largest subsidiary of the PG&E Corporation, the holding company for Pacific Gas and Electric Company. The corporation serves more than 16 million people across California and the western United States by providing electricity and gas services.
In addition to its traditional energy activities, the company has also been focused on developing its renewable energy portfolio, with investments in solar, wind, geothermal, and other clean energy sources. Despite this divestiture, PG&E Co. retains a strong presence in the energy industry, with operations spanning much of the western United States. With its continued commitment to renewable energy, as well as its traditional energy activities, it is likely that PG&E Co. will remain a strong force in the energy market for years to come.
Market Price
The stock opened at $15.7 and closed at $15.8, a decline of 0.4% from its previous closing price of $15.8. This sale of shares highlights the confidence that Lido Advisors has in the future of PG&E Co. and indicates that the company is in a good position to continue to perform well in the long run. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Pg&e Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 21.68k | 1.8k | 9.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Pg&e Corporation. More…
| Operations | Investing | Financing |
| 3.72k | -10.21k | 7.13k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Pg&e Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 118.64k | 95.57k | 10.02 |
Key Ratios Snapshot
Some of the financial key ratios for Pg&e Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.2% | 15.6% | 11.0% |
| FCF Margin | ROE | ROA |
| -27.0% | 6.6% | 1.3% |
Analysis
At GoodWhale, we have conducted a thorough analysis of PG&E Corporation‘s financials to help our clients make informed investment decisions. Our Risk Rating categorizes PG&E CORPORATION as a medium risk investment as it has both financial and business risks associated with it. In more detail, our analysis of the income sheet and cashflow statement has flagged up two risk warnings. If you’re interested to find out more, please register on goodwhale.com and access our comprehensive analysis. More…
Peers
PG&E Corp is one of the largest electric and gas utility companies in the United States. The company’s competitors include Ameren Corp, Duke Energy Corp, NiSource Inc.
– Ameren Corp ($NYSE:AEE)
Ameren Corporation is a holding company for several electric and natural gas utilities serving customers in Missouri and Illinois. The company’s electric utilities serve 2.4 million customers in Missouri and Illinois. Ameren’s natural gas utilities serve 1.2 million customers in Missouri and Illinois. The company’s transmission system includes about 16,000 miles of high-voltage power lines.
– Duke Energy Corp ($NYSE:DUK)
Duke Energy Corporation is an American electric power holding company headquartered in Charlotte, North Carolina. The company was founded in 1904 as the merger of three electricity companies. Duke Energy operates in six U.S. states: North Carolina, South Carolina, Florida, Indiana, Ohio, and Kentucky.
Duke Energy is the largest electric power holding company in the United States, with assets totaling over $100 billion. The company has a market capitalization of $67.16 billion as of 2022 and a return on equity of 7.73%. Duke Energy is a diversified energy company that owns and operates a variety of electric generation and transmission assets, as well as natural gas and oil pipelines. The company also provides a variety of energy-related services to its customers.
– NiSource Inc ($NYSE:NI)
NiSource Inc is a publicly traded utility holding company based in Merrillville, Indiana, United States. It is the parent company of Northern Indiana Public Service Company (NIPSCO), Columbia Gas of Massachusetts, Columbia Gas of Ohio, Columbia Pipeline Group, and NIPSCO Industrial. The company has a market cap of 9.8B as of 2022 and a return on equity of 10.43%. NiSource Inc is a diversified energy delivery company that provides electricity, natural gas, and other energy services to customers in the United States and Canada.
Summary
Investors should keep an eye on PG&E Corporation, as Lido Advisors LLC recently sold 2516 shares of the company in 2023. At the time of writing, the sentiment from news sources was generally positive. PG&E Corporation has consistently provided strong returns on investments, with a history of paying dividends and share repurchases. The company’s stock price has been consistently rising, reaching new highs in recent months. Investors should consider PG&E Corporation as a potential investment, due to the solid track record of returns and the potential for continued growth in the future.
Additionally, the company’s financials are strong and management is committed to reducing emissions and improving customer service. These factors make PG&E Corporation an attractive option for investors looking to diversify their portfolios.
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